Gold Price Analysis: XAU/USD stays firmer on the way to $1777 hurdle – Confluence Detector

Gold consolidates the latest two-day downtrend amid a quiet Asian session on Monday.

The hopes of US stimulus and economic recovery in Asia, despite the looming coronavirus in Japan and India, back the risk barometer.

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GBP/USD remains pressured between previous support line from April 12 and a three-week-old horizontal area.

Gold is starting out the week in holiday thin markets flat and idles $1,769.

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